The Kroger Co. is pulling back from developing a network of automated e-commerce fulfillment centers and will instead focus on expanding its brick-and-mortar grocery store network. The grocery chain announced it would close three of its eight robotics-powered fulfillment centers. The centers…
Another high-end retail outlet in Charlotte will carry the Simon brand. Simon Property Group has acquired the Phillips Place mall in the SouthPark neighborhood of Charlotte, according to a press release. Phillips Place is a 134K SF, mixed-use, open-air retail center…
What do a multifamily community in Florida, a Class-A retail center in Alexandria, Virginia, and a large mixed-use parcel outside of Austin have in common? Those three developments are representative of the diverse investment opportunities in the top commercial real…
Real estate investors hoping to lessen their tax burdens next year are putting the pedal to the metal in a race to buy gas stations. Since 100% bonus depreciation became law in July, gas station, convenience store and car wash…
Charlotte’s commercial real estate market is showing reasons for optimism, thanks in no small part to the area’s robust job market. Among the 14 metropolitan areas with a population of more than 1 million people, Charlotte recorded the highest employment growth —…
An Atlanta firm run by former Jamestown executives has acquired a landmark portfolio along the Atlanta BeltLine Eastside Trail. Asana Partners sold Krog Street Market, part of the Krog District. 26th Street Partners purchased The Krog District, a 180K SF…
Despite the uncertainty in the U.S. economy, commercial real estate remains largely resilient. The multifamily, retail and industrial sectors are all strong, and there are several strong investment opportunities in these markets, as well as in workforce housing, office and more. …
Mill Creek Residential secured construction financing for a housing project in Medford. A rendering of Mill Creek Residential’s 4000 Mystic Valley Parkway in Medford. The Boca Raton, Florida-based multifamily developer closed on a $98M construction loan, the Banker & Tradesman…
Gwinnett County’s redevelopment agency is slated to buy the shuttered Sears store at Gwinnett Place Mall as it pushes forward on the defunct retail center’s rebirth. Gwinnett County is purchasing the former Sears store at Gwinnett Place Mall. The Urban Redevelopment Agency of Gwinnett…
Fairstead closed on a $20M investment to acquire and rehabilitate Sunflower Terrace Apartments at 5050 Sunflower St. in Houston’s southern Sunnyside neighborhood. Sunflower Terrace Apartments Fairstead will work with R4 Capital, its mortgage lending affiliate R4 Capital Funding and the…
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